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Keppel Infrastructure Trust (KIT)
Results
Keppel Infrastructure Trust reports 12.1% higher distributable income of $50.1 mil for 3QFY2022
KIT reported ebitda of $270.1 million for the 9MFY2022, 13% y-o-y higher than the 9MFY2021 ebitda of $239.7 million
October 20, 2022
M&A
Australia's APA Group confirms potential acquisition of Basslink for $683.1 mil
Basslink is the Australian subsidiary of Keppel Infrastructure Trust (KIT).
October 17, 2022
Broker's Calls
UOB Kay Hian maintains 'buy' call for Keppel with $10.11 TP with infrastructure investments set to drive growth
Keppel Corp and its subsidiaries have spent over $3.2 billion on stakes in infrastructure, positioning the company for growth.
September 12, 2022
Company in the news
KIT subsidiary Basslink selects Australia's APA Group as preferred bidder
According to the filing, APA Group is now in discussions with Basslink to “seek to agree [to] a binding transaction”.
September 07, 2022
Sustainability
Keppel Corp and KIT to jointly invest $445.3 mil in German offshore wind farm
The acquisition is expected to be completed in the 4QFY2022.
August 12, 2022
M&A
Keppel Infrastructure Trust and other Keppel units to acquire South Korean waste management firm for $666 mil
The proposed acquisition is expected to be completed by 2H2022.
August 08, 2022
Broker's Calls
‘Stronger growth pipeline’ for KIT, Basslink troubles behind it: DBS
DBS sees that the REIT has completed or announced a significant line-up of deals in 2022, which should be "DPU-accretive".
August 03, 2022
Deals, joint ventures & alliances
KIT consortium selected as preferred bidder to acquire entire stake in EMK
The consortium says it will enter into negotiations to finalise the sale and purchase agreement (SPA) following its selection.
July 14, 2022
Sustainability
Keppel Corp and KIT to invest $233.6 mil in European onshore wind energy portfolio
This transaction is expected to support KIT’s overall distributable income per unit accretion.
July 13, 2022
Contracts
Keppel Infrastructure and KIT sign non-binding term sheet for Keppel Marina East Desalination Plant
The enterprise value of the proposed sale and purchase is around $355 million.
June 30, 2022